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Population & People
Population
29,275
Median age
33.4
Median household income
$90,346
Poverty rate
10.8%
Unemployment rate
4.5%
Bachelor's degree+
13.0%
Avg. commute
21 min
Hispanic or Latino
39.7%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$376,200
Median gross rent
$1,625/mo
Homeownership rate
78.94%
HUD FMR — 2 bedroom
$1,313
HUD Fair Market Rent (Utah statewide average across 29 areas — not specific to Magna metro), 2026. Efficiency $981, 1BR $1082, 2BR $1313, 3BR $1746, 4BR $2105. This is a different official figure from Census median gross rent above.
Energy
Utah commercial electricity
10.04¢/kWh
Utah industrial electricity
8.43¢/kWh
Utah residential electricity
13.07¢/kWh
Economy
Gross Domestic Product: All Industry Total
315973.2
Real Gross Domestic Product: All Industry Total
240786.9
All-Transactions House Price Index for Utah
864.92
Unemployment Rate
3.6%
Source: FRED, Utah-specific series.